PALM BEACH, Florida, February 15, 2017 /PRNewswire/ --
Various cannabis and legal marijuana operators rather than competing for indentifying the latest industry services and
products, a few companies are exploring all revenue generating opportunities through more diversified product and services
portfolios. However the marijuana industry as a whole had another great week recently, with the Viridian Cannabis Stock Index up for the eighth consecutive week. For the seven days ended February 3, the index gained 1.8 percent. Companies with market performances of note or new developments
include: Sugarmade, Inc. (OTC: SGMD), Rocky Mountain High Brands, Inc. (OTC: RMHB), Marijuana Company of America, Inc. (OTC:
MCOA), Hemp Inc. (OTC: HEMP), Agritek Holdings, Inc. (OTC: AGTK).
Sugarmade, Inc. (OTCQB:SGMD) today announces it is in the final stages of preparation for its product launch of
Sriracha Seasoning Stix, under its licensing agreement with Irwindale, California-based Huy Fong
Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and
other seasonings in the form of a 'stick' which are inserted into meat, fish and poultry prior to cooking. Sriracha
Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers
to act like a sponge absorbing all the delicious Sriracha flavors. Read this and more news for SugarMade, including recent
Cannabis related developments at: http://marketnewsupdates.com/news/sgmd.html
"We could not be more excited about our upcoming Sriracha Seasoning Stix launch," commented Jimmy
Chan, CEO of Sugarmade. "Thus far, interest is off the charts with our websites already receiving more
than 60,000 signups for free shipping and our offer for free samples exceeding capacity on the first day. We think
the culinary world is in for a seriously delicious treat with Sriracha Seasonings Stix."
Last week, Sugarmade having secured access to important patents for the active packaging of
cannabis announced its product development strategy. The technology the Company intends to introduce will not only help
to better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic
cooling but will also significantly improve the safety of cannabis via the emission of food safe oxidizers to mitigate mold,
bacteria and other pathogens, including powdery mildew.
In other Cannabis market performances of note from trading yesterday:
Rocky Mountain High Brands, Inc. (OTCQB: RMHB) closed up on Tuesday trading over 3 Million shares by the market
close. Rocky Mountain High Brands develops, manufactures, markets, and distributes hemp-infused food and beverage products.
The company offers hemp-infused beverages, including energy drinks, black tea, and lemonade; hemp-infused edibles, such as energy
bars; and hemp-infused energy shots and coffee shots.
Marijuana Company of America, Inc. (OTC: MCOA) closed up over 5% on Tuesday trading over 10.1 Million shares by
the market close. Marijuana Company of America recently announced that it has retained the services of 420 Pros to provide
branding and marketing services for MCOA, targeting the investment community, hempSMART (non-THC cannabinoid consumer market) and
Club Harmoneous (THC consumer market).
Hemp Inc. (OTC: HEMP) closed down very slightly on Tuesday trading over 18.4 Million shares by the market
close. Hemp produces products made from industrial hemp. The company also offers products and services to the medical and
recreational marijuana industries. It also develops and operates a website providing entertainment and news related to medical
marijuana industry.
Agritek Holdings, Inc. (OTC: AGTK) closed up just under 5% on Tuesday trading over 4.2 Million shares by the
market close. Agritek reported last week that the Company has completed the purchase and closing of the eighty (80) acre approved
cannabis farm for the medicinal and recreational sector located in Pueblo, Colorado. The eighty
(80) acre parcel including water and mineral rights now owned directly by Agritek Holdings as a major land asset for cultivation
of cannabis is planned to be sectioned by acres and leased to licensed cultivators, manufacturers and one lab partner with
expectations for production by the second quarter of 2017.
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